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Neiman Marcus has sealed a deal to open a store on New York's Long Island in 2015, in a 100,000-square-foot space that will be part of Simon Property Group's $200 million Roosevelt Field Mall redevelopment. The new deal ends the retailer's plans to be part of a separate mall that Taubman has been fighting to build for more than 15 years.

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Neiman Marcus Group is not planning to further expand internationally despite speculation to the contrary, said Karen Katz, president and CEO, noting that such a goal, while laudable, would be "very difficult" to execute in the short term. Instead the retailer will continue to open sites domestically, albeit selectively. Only one new full-line store is slated to open in the near future, on Long Island, N.Y., in 2016, though Katz said there was room within the brand to open up to eight more.

Gap has opened a namesake store and a Banana Republic in Panama City and plans to open three more stores in Panama this year, in partnership with Superior Retail. The U.S.-based apparel chain has targeted Latin America as its next area for international expansion and plans to open stores in Colombia, Uruguay and Peru.

Luxury retailers such as Saks Fifth Avenue, Neiman Marcus and Nordstrom are expanding their outlet-store efforts and setting up shop near regional malls. As customers seek out bargains with their luxury, the brands are revamping stores to give them a more upscale aura.

Neiman Marcus is just one retailer that will be affected by the recent financial breakdown on Wall Street. Wall Street bonuses are expected to be lower this year, and luxury New York retailers, including Neiman Marcus' Bergdorf Goodman store, are likely to see a drop in holiday sales.